Trading Currency

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Trading Currency

The currency used to settle an international transaction, especially when it is the currency of neither country involved in the transaction. For example, if a buyer in Romania uses U.S. dollars to purchase goods from a seller in Brazil, the dollar is the trading currency.

China's currency, also known as the yuan, is poised to join the US dollar and the euro as one of the world's top three trading currencies as China will settle 30 per cent of its annual trade in renminbi, equivalent to $2 trillion.

com), will set out July 15 from the coast of Cape of Disappointment, WA headed for the Boston Harbor on a 100 day, 19 city, 4,100 mile, coast-to-coast cycling trip called Pedals and Profits and pay for the entire trip for a family of ten from the income he earns trading currencies each day.

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